What Is Big Data? The term “big data” may confuse some. It can mean many things. And that’s fitting considering so many businesses, nonprofit organizations, and government agencies want to use it for their benefit. However, when you take a closer look at big data, it’s essentially large data sets that require a scalable infrastructure […]
In our modern business world, a company leader who fails to tap into the potential of big data is like flying an airplane with a blindfold on. Big data can help you understand market trends, consumer behavior, measure KPIs, and target inefficient processes. As a whole, big data can serve as a guide when making […]
Data analytics may seem like a foreign language to some; however, even though the individual tasks involved in data analysis are esoteric, the benefits they bring to your organization are straightforward. Companies using extensive data analysis beat competition time and time again. In fact, as a Toward Data Science survey shows, 54% of all businesses […]
Many of us love the comfort and lack of a commute working from home affords, not to mention the much comfier work attire. However, being separated from our peers can make it easy to feel isolated and alone at your job. It can be difficult to maintain good relationships with colleagues and have effective communication […]
As you prepare for the year ahead, it’s time to get some spring cleaning done. Hiring an outsourced accountant can help your business reorganize and make sure all of its ducks are in a row for the upcoming year. With an outsourced accounting firm, your business can engage in productive “spring cleaning” that can help […]
Cash flow issues are a common problem for eCommerce businesses. According to The State of Small Business Cash Flow report by Quickbooks, cash flow is a global business problem, with 61% of the businesses worldwide struggling to maintain a healthy cash flow and 42% reporting financial hardships in previous years. This calls for much needed efficient cash […]
How to Manage Your Cash Conversion Cycle? Many individuals who are new to the corporate world believe that profitability is everything. They go onto accepting unfavorable credit terms with customers to maximize their revenue. However, sooner or later, they run out of cash and go bankrupt. The availability of cash is a huge factor that […]
Did you have a hard time paying your business expenses this year? If yes, you were probably facing cash flow problems or wondering the reason why companies have cash flow problems. To avoid this in the future, you’ll need to make some critical changes in the year 2021 to increase cash flow. For the smooth […]
Regardless of the size of the business, managing finances and keeping track of the investments are crucial for business success. Whether you are a startup or an established business, penning down your cash flow activities is just as important as determining your profit. In this guide, you’ll study why cash flow is important, but before […]
In the era of COVID-19, social distancing has become the norm. The lockdown imposed, as a result, has enforced the concept of remote and hybrid teams. Companies around the world were straddling a bridge between yesterday when employees at most companies were physically present at work, and tomorrow, when a vaccine or effective treatment will […]
This article provides insight and advice on the subject of the Remote Workplace. The lockdown imposed as a result of COVID-19 has enforced the concept of working from home as the “new normal”. Everything has become digitized, and there is little doubt that this is how businesses will operate in the future. This shift may […]
If you would like to see an increase in your eCommerce sales, then you will have to implement the right strategies. The very first step, however, is knowing exactly where you stand now. You need to have solid internal insight into your numbers and data, and external knowledge of where you stand among the competition […]
